News Archives - Insurance Journal

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2 04, 2025

Chipotle to Settle Kansas Religious Harassment Lawsuit

By | April 2nd, 2025|Uncategorized|Comments Off on Chipotle to Settle Kansas Religious Harassment Lawsuit

National restaurant chain Chipotle Services, Inc. will pay $20,000 and furnish other relief to settle a U.S. Equal Employment Opportunity Commission (EEOC) religious harassment, retaliation, and constructive discharge lawsuit, the federal agency announced. The EEOC suit alleged that in July …

2 04, 2025

Florida’s Universal P&C Overstated Claims to Cat Fund, Must Pay $4M Fine, AG Says

By | April 2nd, 2025|Uncategorized|Comments Off on Florida’s Universal P&C Overstated Claims to Cat Fund, Must Pay $4M Fine, AG Says

The Florida Hurricane Catastrophe Fund will not have to pay some $30 million to Universal Property & Casualty Insurance Co., after the carrier settled a civil suit that alleged the insurer had backdated claims to boost reimbursement from the fund. …

2 04, 2025

TDI to Adopt 11.5% Workers’ Comp Rate Decrease

By | April 2nd, 2025|Uncategorized|Comments Off on TDI to Adopt 11.5% Workers’ Comp Rate Decrease

The Texas Department of Insurance said in a March 28 bulletin that it accepted the National Council on Compensation Insurance (NCCI) advisory loss cost filing proposal of an overall average decrease of 11.5% to the current loss cost level. The …

2 04, 2025

Supreme Court Largely Backs FDA on Flavored Vapes

By | April 2nd, 2025|Uncategorized|Comments Off on Supreme Court Largely Backs FDA on Flavored Vapes

The US Supreme Court largely sided with the Food and Drug Administration in its rejection of applications to sell flavored vaping products, backing actions the agency took during Joe Biden’s presidency amid uncertainty about the approach it will take under …

2 04, 2025

Iowa Man Who Falsified Rolex Watch Claim Sentenced to 10 Years in Prison

By | April 2nd, 2025|Uncategorized|Comments Off on Iowa Man Who Falsified Rolex Watch Claim Sentenced to 10 Years in Prison

An Iowa man was sentenced last week to ten years in prison after pleading guilty to Insurance Fraud (Class D Felony) and Fraudulent Practice (Class D Felony), following an investigation conducted by the Iowa Insurance Division’s Fraud Bureau. Bryce Douglas …

31 03, 2025

As Wildfire Season Arrives, Budget Woes and Federal Uncertainty Put States at Risk

By | March 31st, 2025|Uncategorized|Comments Off on As Wildfire Season Arrives, Budget Woes and Federal Uncertainty Put States at Risk

Budget woes, combined with cuts to the federal wildfire-fighting workforce and President Donald Trump’s tariff and sovereignty threats against Canada, have made it more difficult for state officials to plan for the upcoming wildfire season. In Washington, a $12 billion …

31 03, 2025

Musk Loses Bid to Thwart Investor Suit Over Twitter Purchase

By | March 31st, 2025|Uncategorized|Comments Off on Musk Loses Bid to Thwart Investor Suit Over Twitter Purchase

Elon Musk failed to fend off an investor lawsuit claiming he manipulated the stock price of Twitter Inc. months before he bought the company in 2022 by concealing how much stock he’d acquired. A Manhattan federal judge on Friday said …

31 03, 2025

Viewpoint: Steady Growth Amid Market Cycles Is Possible

By | March 31st, 2025|Uncategorized|Comments Off on Viewpoint: Steady Growth Amid Market Cycles Is Possible

Property and casualty insurance has traditionally been a cyclical industry, meaning it goes through phases of firm pricing and tight capacity followed by softer market conditions that tend to favor insurance buyers. The ups and downs of insurance cycles complicate …

31 03, 2025

Family of Canadian CEO Killed in Helicopter Crash Files $35 Million Lawsuit

By | March 31st, 2025|Uncategorized|Comments Off on Family of Canadian CEO Killed in Helicopter Crash Files $35 Million Lawsuit

The family of Stephane Roy, a Canadian entrepreneur killed in a helicopter accident in 2019, has filed a C$50 million ($35 million) lawsuit against manufacturer Robinson Helicopter Co. Roy and his 15-year-old son Justin disappeared that summer while returning from …

31 03, 2025

Thailand Probes Collapse of Only Skyscraper to Crumble in Quake

By | March 31st, 2025|Uncategorized|Comments Off on Thailand Probes Collapse of Only Skyscraper to Crumble in Quake

The collapse of a skyscraper under construction in Bangkok — the lone building to crash during the massive earthquake last week — has become the center of Thai investigations as questions swirl around the construction and quality of the materials …